Listed for $39 million in September of 2014, 2800 Paradise Drive in Tiburon, a 14.5-acre parcel of undeveloped land with 2,000 square feet of San Francisco Bay shoreline and fully-entitled plans for a 15,000 square foot main home to rise on the site’s bluff, along with a 2,200-square-foot guest quarters and a 700-square-foot cottage, the driveways for which have already been poured, returned to the market in early 2017 with a $47 million price tag, positioned as one of “the largest remaining undeveloped residential waterfront parcel(s) in Marin County and possibly the entire San Francisco Bay Area.”

Reduced to $37 million in September of 2017, the list price for 2800 Paradise Drive was dropped to $29 million in 2018, to $25 million in 2019, to $24 million in 2020, to $19 million in September of 2021 and then to $17.5 million that November.

Relisted at $15.9 million early last year, the list price for 2800 Paradise was reduced to $14.9 million this past January and then to $12.9 million earlier this month, a sale at which would be over 70 percent below its price in 2017 but would considered to be “at asking!” according to all industry stats and aggregate market reports.

10 thoughts on “Entitled Slice of Paradise Has Dropped Over 70 Percent”
  1. If I had a big budget and was looking for an off-grid compound 5-10 minutes from downtown Tiburon, this would be the spot.
    Lack of municipal water is a problem…I wonder if the BCDC would object to an onsite desalinization system.

    1. From the Introduction to Desalination And San Francisco Bay, dated Jan 2005, pg. 3:

      While currently there are no desalination plants using water from San Francisco Bay, in 1990 the Marin Municipal Water District (MMWD) successfully tested a small pilot desalination plant located in San Rafael at the end of the Richmond-San Rafael Bridge…the Commission’s law, the McAteer-Petris Act, provides that desalination plants are “essential to the public welfare of the bay area” and therefore the Act provides that the Commission’s San Francisco Bay Plan “should make provision for adequate and suitable location” for these facilities.

      Although the Bay Plan does not specify the geographic locations for possible desalination plants, the Plan does contain a policy regarding desalination facilities. The policy, adopted by the Commission in 1968, provides that desalination facilities “may be provided in any area where they do not interfere with and are not incompatible with residential, recreational or other public use of the shoreline.” The policy does not, however, address environmental issues important in siting and operating a desalination plant in the Bay, such as fish and other aquatic organisms entrainment (pulling organisms into and trapping them inside the plant water intake structure), possible impingement (pulling and pinning fish and other aquatic organisms against water intake structure screens) and the disposal of the brine, the highly saline waste solution left over from the desalting process. Moreover, the Bay Plan contains no findings to support the desalination policy.

      Obviously, they wrote that with a municipal-level desalinization plant to address the Bay Area’s overpopulation in mind, not one dedicated to one (wealthy) person’s property.
      Given the environmental impacts and the length of time since 1968, I don’t think they’d look too kindly on an application for a private single-site desalinization system, but it’s within the realm of possibility for someone with the means to pay hundreds of thousands of dollars in land use lawyer fees.

    2. Seems like connecting to muni water would be better in the long term. Sure a long 1 or 2″ branch line to this parcel would be very expensive, but ultimately cheaper and less hassle than operating a desalinization plant for decades. And desalinazation still requires that you import the energy to run the plant. So why not cut to the chase and directly import the water?

    3. There is a fire hydrant where the driveway meets the road, so apparently water is available. A thousand foot pipe to the site wouldn’t cost much compared to the rest of the costs.

    1. That was my thought, but w/ 14+ acres I would think it has room – somewhere, somehow! – for a leach field (even with what are likely sub-optimal conditions for one). And whatever the specifics, it’s already entitled for some fairly large structures….can’t imagine that has been overlooked.

  2. UPDATE: The list price for 2800 Paradise has just been further reduced to $11.9 million, a sale at which would be considered to be “at asking!” according to all industry stats and aggregate market reports.

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